AUTUMN STATEMENT LIVE: Hunt hikes income taxes and CGT and cuts spending

AUTUMN STATEMENT LIVE: Hunt puts 45p tax at £125k, stages a stealth income tax raid on all and slashes CGT and dividend allowances Chancellor Jeremy Hunt unveiled tax hikes and spending cuts across the UK ONS figures published on Wednesday showed UK inflation has reached 11.1%  By Jane Denton For Thisismoney Published: 07:39 GMT, 17 … Read more

BUSINESS LIVE: Inflation jumps to 6.2%; UK awaits Spring Statement

BUSINESS CLOSE: Chancellor softens NI blow to voters; inflation jumps to 6.2% in February; Petrofac profits halve; pound at $1.32 By Mike Sheen For This Is Money Published: 07:34 GMT, 23 March 2022 | Updated: 17:18 GMT, 23 March 2022 The FTSE 100 closed down 16.09 points at 7460.63 after Chancellor Rishi Sunak delivered his … Read more

Spring Statement 2022 live: Analysis and reaction as it happens

SPRING STATEMENT: The analysis and reaction as it happened – fuel duty is cut, NI hikes softened and an income tax rabbit in the hat Chancellor Rishi Sunak to deliver his speech at 12.30pm Will fuel duty to be reduced? Could National Insurance hikes be watered down?   Follow the build-up, the speech and aftermath with … Read more

Stamp duty surcharge: Could it rise to 4% in the spring statement?

Landlords awaiting the Spring Statement could be forgiven for fearing further tax hikes are heading their way. Households are already being clobbered with a National Insurance contribution rise, jump in energy and fuel costs, alongside other bills soaring with Inflation. Tomorrow could see the Government try to help fan the flames and in doing so, … Read more

Autumn budget 2021 live: Analysis of Rishi Sunak’s latest statement

AUTUMN BUDGET 2021 LIVE: All the latest reaction to and analysis of Chancellor Rishi Sunak’s financial statement At 12.30, Chancellor Rishi Sunak will make his Budget statement  There is also the Spending Review  Follow the build-up, speech as it happens and aftermath with our live blog By Lee Boyce for Thisismoney.co.uk Published: 04:31 EDT, 27 … Read more

UK economy: £4bn ‘black hole’ in Rishi Sunak budget plans, says Institute for Fiscal Studies

Britain faces another tax hike due to a £4billion black hole in Rishi Sunak’s Budget spending plans, an influential think tank warned today. The Institute for Fiscal Studies said the shortfall for the 2022−23 financial year went ‘entirely unmentioned’ in the Chancellor’s speech to the Commons on March 3. If the spending plan is followed … Read more

Rishi Sunak defends income tax raid on low and middle earners

Budget 2021 at a glance Here are the main points of Rishi Sunak’s Budget: Office for Budget Responsibility (OBR) predicts economy will return to pre-Covid levels by the middle of 2022, six months earlier than previously thought. OBR forecast economy will grow this year by 4 per cent, by 7.3 per cent in 2022, then … Read more

Budget 2021: 5% VAT cut mean cheaper coffee, meals out and holidays

Britain is set for a summer spending splurge after Rishi Sunak today extended the discount 5% VAT rate, meaning consumers are set for cheaper coffee, meals out and staycations.  The super-low rate will carry on until September, the Chancellor announced in his Budget today, then move to 12.5 per cent until April 2022 before returning … Read more